Medical technology helps patients check for a disease or chronic condition. Medical technology helps patients overcome injuries and illnesses or treat chronic illnesses. Medical technology is present throughout the care journey, it accelerates recovery and keeps people healthy.
Medical technologies allow early and accurate diagnosis of health problems, facilitating rapid intervention and improving outcomes. Innovative products can replace, repair and maintain failing bodily functions, while telemedicine and connected devices enable remote monitoring of the patient’s condition.
The United States remains the world’s largest medical device market: $ 156 billion (40% of the global medical device market in 2017). By 2025, it is expected to reach $ 208 billion.
The medical device manufacturing industry produces equipment designed to diagnose and treat patients within global healthcare systems. Medical devices range from simple tongue depressors and bandages to complex programmable pacemakers and sophisticated imaging systems.
North America is the largest shareholder in terms of turnover in the MedTech market.
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The major players featured in this report include:
Johnson & Johnson (United States), GE Healthcare (United Kingdom), Siemens Healthcare (Germany), Medtronic (United States), Philips Healthcare (Netherlands), Roche Diagnostics (Switzerland), Abbott Laboratories Inc, Beckton Dickinson & Company, Fresenius Medical Care, Abbott, Thermo Fisher Scientific
The report is addressed to various stakeholders of the Medical Technology (MedTech) market industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts. The information in this report would enable marketers and management authorities of companies to make informed decisions regarding their future product launches, technology upgrade, market expansion, and marketing tactics. Stakeholders are said to have ease of decision making through various strategy matrices used to analyze the Medical Technology (MedTech) market.
The Medical Technology (MedTech) market report offers comprehensive data and information on market dynamics and important growth parameters associated with the segmentations.
- 3D printer
- 3D bio-printer
- Surgical guides
With standard analytical precision and high data integrity, the report brilliantly attempts to unveil the key opportunities available in the Medical Technology (MedTech) market to help players achieve a strong position in the market. Buyers of the report can access verified and reliable market forecasts including those regarding the overall Medical Technology (MedTech) market size in terms of revenue.
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The report offers exhaustive geographical analysis of the Medical Technology (MedTech) market, covering important regions namely North America, Europe, China and Japan. It also covers key countries (regions) namely USA, Canada, Germany, France, UK, Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, United Arab Emirates, etc.
The emergence of the COVID-19 epidemic has had an unprecedented impact on market scenarios in several industries. However, this time will pass soon. Increased support from government administration, favorable initiatives from government, research institutes, clinics, health systems and several organizations can help fight this COVID-19 pandemic.
- The report provides qualitative and quantitative analysis of current market trends, forecast and market size from 2021 to 2028 to determine new opportunities.
- Porter’s Five Forces Analysis highlights the power of buyers and suppliers in enabling stakeholders to make strategic business decisions and determine the level of competition in the industry.
- The main impact factors and major investments are highlighted in the research.
- The main countries in each region are analyzed and their contribution to income is mentioned.
- The market player positioning segment helps to understand the current position of market players active in the market.
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